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U.K. trader accused of manipulation tied to 2010 flash crash
trueA U.K. futures trader contributed to the May 2010 flash crash by engaging in illegal bait-and-switch practices, U.S. authorities said.
BATS Global names global head of exchange-traded products
trueLaura Morrison was named senior vice president, global head of exchange-traded products, at BATS Global Markets.
High-frequency trader Virtu Financial's shares soar on first day of trading
trueShares of Virtu Financial closed at $22.20 Thursday on the Nasdaq Stock Market, up 16.84% from the IPO price of $19 set Wednesday.
BATS to launch second options exchange
trueBATS Global Markets plans to launch EDGX Options, its second options exchange, said a filing Thursday with the Securities and Exchange Commission.
Canaccord Genuity CEO dies following illness during Hawaii triathlon
truePaul Reynolds, CEO at Canadian brokerage and investment bank Canaccord Genuity Group, died Wednesday, three days after falling ill while competing in a triathlon near Kona, Hawaii.
ISDA issues principles for rules governing the centralized execution of swaps
trueThe International Swaps and Derivatives Association on Wednesday issued principles to be applied to rules governing centralized execution of swaps and called for alignment in swap-execution facility rules across national borders.
Schapiro: Multitude of trading venues a regulatory challenge for SEC
trueThe equity market structure with more than 70 venues for trading and 35% of trades done in dark pools represents a major regulatory challenge for the Securities and Exchange Commission, Mary Schapiro, former SEC chairwoman, said Tuesday before attendees at a conference of the Council of ...
Access to liquidity key concern for equity traders, survey finds
trueEighty-four percent of institutional equity traders are either “concerned” or “very concerned” about sourcing liquidity in the current market, according to a Liquidnet survey.
Omega hedge fund firm receives federal subpoenas
trueBillionaire Leon Cooperman, founder of hedge fund Omega Advisors, told clients that his firm has been subpoenaed by the U.S. Attorney’s Office in New Jersey and the Securities and Exchange Commission, seeking information on trading in certain securities.
High-frequency traders to be regulated by FINRA
trueHigh-frequency and other proprietary traders will be overseen by the Financial Industry Regulatory Authority under a proposed rule announced by the Securities and Exchange Commission on Wednesday.
Loss of market makers may lead to buy-and-hold strategies
trueCorporate fixed-income investing is becoming a buy-and-hold market, as the reduction of traditional market makers and the resulting loss in inventory make active trading strategies more risky.
4 managers sign on to Plato Partnership trading platform
trueFour additional money managers have signed up with Plato Partnership, a consortium that aims to create a new trading platform in Europe.
BNY Mellon settles various lawsuits over foreign-exchange practices
trueBank of New York Mellon Corp. reached a series of settlement agreements with the Department of Justice, New York Attorney General, Department of Labor, Securities and Exchange Commission and private customer class actions regarding the custodial bank's foreign-exchange practices.
Implementation extended for rules on posting margin for non-centrally cleared trades
trueGlobal requirements for collecting and posting initial margin on non-centrally cleared trades will not be implemented until September 2016 under an extension announced Wednesday.
Tail hedging review
trueSince the start of 2014, we have witnessed increasing interest in tail hedging with large global institutions looking to develop tail hedge mandates. Recent bouts of turbulence since October 2014 have intensified that interest, especially since volatility levels have continued to fluctuate rapidly, ...